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RVN starting a new cycle

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Raven had an amazing bull run, one of those to remember. Correction was the same. Now it shows some signs of starting to grow again. Lets see if it stays above lower trendline. In this case we might see even higher highs in December.

New cycle may bring a downtrend as well, especially if Bitcoin fall. In this case it may hit 400 before starting to grow again. So use tight SL.

Day chart
snapshot

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Note
BTC pushing alts down. If it falls below 4000 that will be an end to all forecast as it will fall to 3900 and from there to 3000
Note
Since bitcoin fell below 4000 and currently is around 3700 (fell even lower) all charts crashed. Currently RVN moves in a parallel channel. If BTC will recover, it will grow towards upper channel borders.
snapshot
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cryptocryptotradingCyclesEconomic CyclesravencoinravencoinbtcrvnRVNBTCSupport and ResistanceTechnical AnalysisTrend Lines

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cryptocryptotradingCyclesEconomic CyclesravencoinravencoinbtcrvnRVNBTCSupport and ResistanceTechnical AnalysisTrend Lines
WiseAnalyze
FREE telegram channels:
Main crypto channel - t.me/WiseAnalyze
Crypto chat - t.me/WiseAnalyzeChat
Crypto watchlist - t.me/wiseanalize
Aussi sur:

Clause de non-responsabilité

Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.